About Company
Lydian Armenia is a mining company registered in the Republic of Armenia. The Company was founded in 2005 and is implementing the Amulsar gold mine project. The Amulsar deposit, discovered through large-scale geological exploration by Lydian Armenia, is the first—and remains the only – mineral deposit discovered since Armenia’s independence.
From the outset of its operations in Armenia, Lydian Armenia has introduced international best practices in health and safety, environmental management, and social responsibility. Notably, it was the first company in the country to conduct a full Environmental and Social Impact Assessment (ESIA) for the Amulsar project, meeting the standards of the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC).
Since 2025, United, an international mining company, has held an 87.5% equity stake in Lydian Armenia, with the remaining 12.5% owned by the Government of the Republic of Armenia. This ownership structure reflects a strong and strategic partnership with the Government, underscoring a shared commitment to responsible development, transparency, and long-term economic growth.
Our Mission
Guided by its founding principles, Lydian Armenia combines innovative technologies with the United team’s global expertise to deliver a modern mining project built to the highest international standards of environmental management, health and safety, and social responsibility.
Our Values
People
Health & Safety
Nature
Quality
Integrity
Compliance
Board of Directors
Executive Team
Hasmik Gevorgyan
Chief of Staff